All Forum Posts by: Duncan Hayes

@Yutaka Tso they won’t all be jumping with joy to help you out. My advice is find a new realtor that you can grow with. Because the amount of “seasoned” realtors that dislike what we do in wholesaling is huge. Address yourself as an investor, not a wholesaler. Not only does the term “wholesaler” have a ton of negative light on it, but it’s a limiting term. You’re an investor and wholesaling is just one of many tools in your tool belt.

Propstream and Propelio both can give you access to MLS sales. Propstream has a 7 day trial and Propelio has a 14 day trial. Sign up and try them out.

That’s a question you would want to ask the buyers on your list. Everyone is different. Most flips are different due to different property conditions/values.

One thing I can say though, is nobody is gonna want to be all in for $300k stuck in a 4-6 month project to pocket $10k-$15k.

Hope that helps.

@Yutaka Tso get connected with a realtor and offer them some sort of value. I started wholesaling in Sacramento back in 2019 & my first deal came from connecting with a realtor, she sent me the lead. There's also programs like Propstream and others that can show you what homes sold for via MLS & public record.

I kinda agree. There are more than enough opportunities. The failure comes in with people not committing and thinking that it’s gonna just magically happen if they pull a crappy list and start marketing.

This business takes people skills, sales skills, marketing skills, etc. Most people suck at sales jobs. This is a sales job in a sense. All the same things have to happen. Cold calling, following up, advertising, etc. Most people don’t ask the right questions in an attempt to seek the right answers. They’re just thinking about each person they talk to being a paycheck, rather than even qualifying the lead, via asking the right questions, to begin with.

You also have the people that don’t really put in any work. They’ll put $X to get into a program and not put any knowledge to use. Or they’ll go at it hard for a week or two, then they go back to their bad habits and ignoring the business. Part of that I’d blame on gurus for selling pipe dreams, but these mentees decide to chase something else after they don’t close a deal in their first two weeks. This business takes consistency and most people lack that trait. Not only in business, but even in their daily lives.

Maybe instead of real estate mentorship they should invest their money/time into a life coach to help them improve within. Then they step into business.

I’ve been wholesaling across the nation since 2019, all virtual. I started while I was a full time truck driver, doing 500-700 miles a day in CA and delivering windows/doors for a major company. I was literally doing 60-70 hours a week. I found time and made it happen. Not only that but I was a husband and a dad too. Did I do everything perfect? No. But I did it. Anyone can, but it comes down to the person. If there’s a pawn shop in a city then homes can be wholesaled, it’s the same concept. It takes consistency though. The opportunity is definitely there.

I’ve had people pay me to teach them. Majority disappear because THEY can’t do it, due to their own limitations. I’ve had people make more money on their first assignment than I did the first 6 months of doing the business. Everyone wants easy. This business is NOT easy. It’s simple, but it’s NOT easy. Far from it.

Gurus are largely at fault because they advertise these unnecessary calling systems and dialers and whatever else, but the people buying in don't realize that the guru is advertising their own product and just selling them dream after dream. With an actual system of how to find the title company, find buyers, build those relationships, and then find sellers, literally anyone could do this. But that's not what they're being sold most of the time. I literally started this with no money invested, other than Propstream and I didn't even get my first deal from any list. I made a connection to a realtor who sent me a CL ad and I closed that deal for $7k. Wholesalers need to stop with the dialers and fancy tools and just hit the phones. Get some sales skills. Learn how to communicate. These skills make you successful in wholesaling, not pulling lists, hiring VA's, having list stackers.

Just my two cents.

@Caleb Helms HM is technically not cash, but is considered cash by investors in part because of how quickly those deals can be funded; versus 30-60 days for funding from a conventional lender. The speed of closing associated with funding from a HML usually allows for you to secure more of a discount from the seller.

Hope that helps.

@Carson Leonard next level thinking. I’d like to hear if it works for you.

Sent you a connection request, keep us updated!

@Adam McAllister best answer is this:

Find the money! You’re in the right place to do so....

@Duncan Hayes “you own the property too”

@Bob Stein Happy New Year! I personally have never been in a situation like yours on this property but here’s my two cents:

1) the tenant should not have to work 2x as hard to pay the rent. Think about how you’d feel in their shoes. One of my landlords is requesting I make a separate payment to him because he thinks my relationship with one of his partners is an issue.

2) how are they paying? Because some methods of payment cost; so making two separate rent payments could cost 2x the fees as it usually does.

Why inconvenience the tenant because someone you are in a business relationship is doing things to push your buttons? You should speak to your partner and tell him that if he wants to do extra for the tenant then it comes from his money, not yours and whomever else you’re partnered with. Your quarrels with your partner should not spill over to the tenant. Of course the tenant is gonna milk it best they can outta their friend. That’s why you and your partners should have something in writing on how this will work in the event he wants to give extras to the tenant. You all should meet and set guidelines. Whether it’s voting on it or getting a sign off of approval from each owner. Or if it means no renting properties that you co-own to friends/family. The tenant will be temporary more than likely. They’ll move on to a new home in whatever amount of time, but if you keep buying deals with these partners that will last a lifetime. Focus on fixing the problem for the long term, instead of the short term. And, the long term fix is the route that involves you and your partners having a chat.

You own the property to, so you have a say. Or step away and consider it a learning experience, then move onto the next solo or with new partner(s).

@Joe S. I wholesale all over TX. Majority of deals being in Houston but I can find deals in San Antonio, Austin, Dallas, Gavelston, Temple, Arlington, Waco, or anywhere else really. I live in Temple, just moved here from Austin to get away from that packed city LOL I see a lot of potential here in Temple. Lots of leads just driving around. Let’s connect.